High-rise commercial buildings

Sub Markets

Property Sectors

Topics

Chicago & Midwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

New call-to-action
Chicago & Midwest  + South Side  + Finance  | 

Pembrook Donates to SW Side School as Part of Outreach Program

Pembrook Capital Management LLC has donated to Louis Pasteur Elementary School, a community elementary school dedicated to maximizing the potential of children in low-income communities on Chicago’s Southwest Side.

Part of Pembrook’s program of donating to public schools in neighborhoods where it does business, the donation to Louis Pasteur is matched to the investment manager’s recently closed $20.3-million first mortgage loan for Icarus Investment Group’s acquisition and renovation of a 23-building portfolio in the area. The portfolio, formerly owned by Cano Properties, consists of 23 Naturally Occurring Affordable Rental Housing (NOAH) properties with 325 residential units.

“Pembrook is honored to give back to the communities we work in, and especially proud to support local education,” said company founder Stuart J. Boesky. “We are determined in continuing to support schools in the communities we invest in, as we believe education is the foundation for long-term success.”


Get Chicago News in 150 Words

For comments, questions or concerns, please contact Paul Bubny

Connect

Inside The Story

Read more at PR NewswireConnect With Pembrook

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Economy
  • ◦Financing
New call-to-action